wink wink, if its in a grocery anchored center retail medicine would be a great alternate use.and I assume you are looking at a free standing single tenant building, especially if its a QSR....just very surprised there isn't some kind of a ground lease at play here, given the situation.  

This is where experience, resources, negotiations skills and understanding the market to know if you have leverage to negotiate will come into play… people that want to sell by themselves are usually people that only sell a home every 5 to 10 years and are the very people that should not be selling on their own… :) but hey….

James Wise called you out on ties/ownership in this PM entity, and you played word-salad games trying to pretend had no connections to it. 

The BRRRR strategy—Buy, Rehab, Rent, Refinance, Repeat—played a pivotal role in this growth.

Are you looking for a long term appreciation play?

If I thought for one minute that that area had a long term play I would never have sold and for sure the old used houses  NO WAY NO how for me..

I believe they likely will talk, they share a back deck and am concerned the different rates may negatively impact the relationship if that scenario played out.

Take it slow, create your path, see how it plays out with the first and then reassess.

With the median time to contract stretching from 21 to 32 days, it’s about playing the long game.

They teach you a script for talking to homeowners, but that will only get you to 1st base!